Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China - 2023
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (FOB) - 2023
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (CIF) - 2022
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (FOB) - 2023
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $17,628 per ton in December 2023, with a decrease of -2.3% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 11% against the previous month. Over the period under review, the average export prices hit record highs at $19,714 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($23,220 per ton), while the average price for exports to France ($12,943 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $50,361 per ton, picking up by 35% against the previous year. Over the period under review, the import price posted a resilient expansion. The growth pace was the most rapid in 2016 when the average import price increased by 86%. Over the period under review, average import prices hit record highs at $53,242 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($76,597 per ton), while the price for Germany ($42,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China
In 2022, after three years of growth, there was significant decline in shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds, when their volume decreased by -14.7% to 7.7K tons. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of 9K tons, and then declined in the following year.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds shrank markedly to $185M in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $227M, and then contracted dramatically in the following year.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.6 | 49.2 | 55.6 | 44.8 | 3.3% |
| India | 11.5 | 11.5 | 15.7 | 19.4 | 19.0% |
| Netherlands | 22.3 | 24.4 | 31.0 | 12.5 | -17.5% |
| Germany | 16.2 | 14.7 | 16.0 | 12.4 | -8.5% |
| South Korea | 5.8 | 8.0 | 6.2 | 8.3 | 12.7% |
| Japan | 6.8 | 8.6 | 9.2 | 8.0 | 5.6% |
| Turkey | 5.9 | 3.2 | 5.9 | 6.1 | 1.1% |
| Brazil | 5.0 | 5.3 | 6.8 | 5.4 | 2.6% |
| Indonesia | 6.9 | 7.3 | 9.7 | 5.0 | -10.2% |
| Vietnam | 4.4 | 5.0 | 5.0 | 5.0 | 4.4% |
| Mexico | 4.9 | 3.7 | 4.5 | 4.8 | -0.7% |
| Singapore | 2.6 | 1.7 | 2.7 | 3.9 | 14.5% |
| Thailand | 4.7 | 4.0 | 5.7 | 3.6 | -8.5% |
| Others | 59.5 | 52.2 | 52.9 | 46.2 | -8.1% |
| Total | 197 | 199 | 227 | 185 | -2.1% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from China in 2022:
- United States (2077.3 tons)
- India (850.8 tons)
- Netherlands (576.7 tons)
- Germany (379.6 tons)
- Brazil (245.0 tons)
- Japan (239.2 tons)
- Vietnam (238.7 tons)
- Mexico (226.5 tons)
- Indonesia (219.3 tons)
- Turkey (213.1 tons)
- South Korea (201.7 tons)
- Thailand (174.8 tons)
- Singapore (173.6 tons)
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China
In 2022, purchases abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -74.4% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by 117% against the previous year.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds plummeted to $1.2M in 2022. In general, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 809 | 1,954 | 2,766 | 657 | -6.7% |
| Japan | 250 | 286 | 251 | 276 | 3.4% |
| United States | 160 | 278 | 428 | 262 | 17.9% |
| Others | 90.5 | 86.6 | 26.1 | 0.9 | -78.5% |
| Total | 1,309 | 2,605 | 3,471 | 1,196 | -3.0% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to China in 2022:
- Germany (15.4 tons)
- United States (4.7 tons)
- Japan (3.6 tons)
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This report provides an in-depth analysis of the vitamin market in China.
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This report provides an in-depth analysis of the global vitamin market.
583
This report provides an in-depth analysis of the vitamin market in China.
2739
This report provides an in-depth analysis of the global vitamin market.
454
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
235
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
369
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1436
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
454
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
235
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
369
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1436
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
